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Bitcoin (BTC/USDT) is at a key point, trading at $84,202 with a decline of -1.88% in the last 24 hours. After touching $87,453, the cryptocurrency has retraced and is consolidating near an important support level.

📊 📌 Technical Analysis

1️⃣ 📉 Moving Averages (EMA):

  • EMA 50: $84,541

  • EMA 100: $84,198

  • EMA 200: $84,004

  • The price is right in the zone of the EMA 100 and 200. A bounce here could push BTC back over $85,000.

2️⃣ 📊 Bollinger Bands:

  • The price is moving near the middle band, indicating consolidation.

  • If BTC breaks the resistance of $85,000, we could see a rapid rise to $86,500 - $87,000.

3️⃣ 📈 MACD:

  • MACD is negative, but with less bearish pressure.

  • If the MACD line crosses above the signal, we could see a bullish momentum.

4️⃣ 📊 RSI (Relative Strength Index):

  • RSI 7: 39.07 (low zone, but not oversold).

  • RSI 14: 43.80 (approaching bullish territory).

  • RSI 21: 46.53 (still weak, but with potential for recovery).

🔮 📢 What could happen this weekend?

📌 Bullish scenario 🚀:

  • If BTC holds the support of $84,000 and breaks $85,000, the next strong resistance is at $86,500 - $87,500.

  • With volume confirmation, we could see a significant rise towards new highs.

📌 Bearish scenario 🔻:

  • If BTC falls below $84,000, the next key support is at $82,200 - $81,000.

  • Losing this level could lead it to test $80,000, but for now, the structure still shows strength.

📣 🔥 Is it time to buy?

With the RSI showing signs of recovery and BTC in a key support zone, this could be a good point to accumulate before the next bullish impulse. However, it is recommended to wait for confirmations in volume and MACD before entering strongly.

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